Showing 1 - 10 of 31
We conduct an experiment in continuous time: every subject can change her links to others and her action in a Hawk–Dove game, which she plays bilaterally with each of her linked partners, at any time. We hypothesize that norms exist regarding who establishes and thus pays for links, and that...
Persistent link: https://www.econbiz.de/10011049851
Persistent link: https://www.econbiz.de/10005760604
Our experimental design mimics a traditional evolutionary game framework where players are matched pairwise to play a symmetric 3x3 bimatrix game which has two Nash equilibria. One equilibrium is an evolutionary stable state, or ESS; the other is an equilibrium in dominated strategies. Our...
Persistent link: https://www.econbiz.de/10005761112
Subjects repeatedly played a three-player coordination game with a payoff-dominant and a risk-dominant equilibrium. Subjects interacting in fixed groups quickly coordinated on the payoff-dominant equilibrium, while those interacting with their neighbours around a circle eventually coordinated on...
Persistent link: https://www.econbiz.de/10005592869
In recent work on non-cooperative network formation star-shaped networks play an important role. In a particular theoretical model of Bala and Goyal (2000) center-sponsored stars are the only strict Nash networks. In testing this theoretical model Falk and Kosfeld (2003) do not find any...
Persistent link: https://www.econbiz.de/10005592918
Inspired by the theoretical results on network formation by Bala and Goyal (2000) and experimental evidence by Plott and Callander (2002) and Falk and Kosfeld (2003) we design network formation experiments in discrete and continuous time. Particularly in the continuous time experiment, we...
Persistent link: https://www.econbiz.de/10005592949
We consider a finitely repeated coordination game with multiple Nash equilibria which can be Pareto-ranked. We present experimental evidence that the strategies actually selected during the course of the game crucially depend on the information given to the subjects about their opponents'...
Persistent link: https://www.econbiz.de/10005592953
In game-theoretical models with local interaction it is usually assumed that fixed local interaction structures are imposed exogenously and do not evolve during the course of the game. However, this assumption does not make much sense in economics. We model the evolution of interaction...
Persistent link: https://www.econbiz.de/10005463692
A population of players is considered in which each agent can select her neighbors in order to play a 2x2 Hawk-Dove game with each of them. We design our experiment in continuous time where participants may change their Hawk-Dove action and/or their neighborhood at any point in time. We are...
Persistent link: https://www.econbiz.de/10005585773
In an experimental evolutionary game framework we investigate whether subjects end up in a socially efficient state. We examine two games, a game where the socially efficient state is also an equilibrium and a game which has no equilibrium in pure strategies at all. Furthermore, we distinguish...
Persistent link: https://www.econbiz.de/10005585813